Lawsuits

The founders of the Financial Professionals Coalition contend that most industry groups back firms and big players. They plan to stand up for the little guy.

Lawyers and compliance experts say advisors and brokers should still put clients' interests first when considering taking money out of a 401(k).

A new SEC-approved rule will allow regulators to publicly identify 'restricted firms' in BrokerCheck searches.

A financial advisor from rival Cambridge Investment Research sought more than $1 million based on his claim that an OSJ at Royal Alliance broke the firm's rules.

The Wisconsin wealth manager persuaded more than a dozen clients to put roughly $1.9 million into 'unrated, illiquid, high risk, and potentially speculative' investments. But he never made the investments.

Even if advisors get a disclosure removed from their records, the damage done online can be difficult to manage.

Gary B. Gross faces nine counts of sexual exploitation of a minor and the loss of CFP credential after he said he stumbled on old files.

JPMorgan Chase is claiming the founder of Frank, a college financial-planning site the bank acquired in 2021, defrauded it by vastly inflating the number of customers the company had.

The Federal Trade Commission's proposal would not extend to non-solicitation clauses, which are far more common among brokers and advisors.

Behind the broker-dealer regulator's proposed changes to its system for resolving disputes lies a lawyer's long-simmering feud.

Government watchdogs propose more oversight amid collapse of crypto and falling markets.

The two Black financial advisors dropped their case, but constant litigation in the industry spotlights questions over firms' pledges to change.

The eight defendants in the federal investigation stand accused of making more than $100 million from manipulating stocks on social media.

The billionaire investor claims Jenica Paulson knew all along about trusts she alleges he used to conceal assets.

The justices' decision in SEC v. Cochran could ultimately reduce the power of administrative law judges over advisors and broker-dealers.

In a twist, recent class actions blame 401(k) advisors for not putting investors' money into higher cost, better performing investments.

It's virtually unheard of for financial services companies to go after their own lawyers, who wield immense power over their secrets. One expert calls it "playing with fire."

Sexual assaults, lurid propositions and a sex tape pack the latest filings in a class action against Goldman Sachs. But it's a boss's comment about his assistant's engagement ring two decades ago and a woman who complained an executive checked her out that have set off an especially bitter dispute in the case.

A dual Romanian-U.S. citizen has been fighting an IRS contention that he owes $2.7 million for failing to submit FBAR forms.

A Georgia appeals court threw out a bombshell ruling against Wells Fargo that said the Wall Street bank "committed fraud" with an arbitration panel.